Kaa Chonjo With Your PIN
In light of our recent post, Be Warned of This ATM Theft Technique, below are a couple of guidelines from Kaa Chonjo with your PIN, an initiative by the Kenya Bankers Association that raises awareness about how best to use ATMs and…
KQ Rights Results Out Today (Updated)
The Kenya Airways Rights Issue has essentially quadrupled the number of shares. Analysts believe the share price could drop, to even four times the present value once the new shares begin trading on the securities exchange.
Closing Bell – 29 May 2012
Gainers Price Change Uchumi Supermarket 17.05 10.00% Eveready East Africa 1.95 8.33% Crown Berger 31.00 6.90% Pan Africa Insurance Holdings 31.50 5.00% Unga Group 12.70 4.53% Losers Price Change Housing Finance Company Limited 15.00 5.06% Cooperative Bank…
Concern over Quality of Service by Telecom Companies
The Parliament today set to out discuss the latest Cellular Mobile Quality of Service Performance Assessment Report for all the mobile phone operators in Kenya. The report prepared by the Communications Commission of Kenya (CCK) points out quality of service compliance by mobile phone operators. CCK requires that of…
Paysure Launches Local Internet Payment Platform
Paysure Limited has today partnered with Kenswitch and Chase bank to offer an online payments platform, to tap into the growing ecommerce market in the region. Kenswitch member-bank cardholders can now make purchases on the internet using their debit or prepaid cards. One…
Incremental Housing Coming To You Soon
What if you could get a loan for a house, pay the loan as you construct, finish the ground floor, move and then take another loan facility to complete the next floor and so on?
PesaPortfolio – 29 May 2012
Below is the position at which our portfolio stood as at the end of business yesterday, the 28th of May 2012. Share Market Segment Units Latest Share price (KES) Previous Price (KES) Current portfolio value (KES) Previous portfolio value (KES) Mumias Sugar Company Manufacturing and allied 2,700.00 5.65 5.70 15,255.00…
Be Warned Of This ATM Theft Technique
I recently received an e-mail from a friend warning me to be careful when conducting ATM transactions. Apparently, thieves have devised a creative way of getting your ATM and PIN without you suspecting anything and in turn draining your bank account. Fina Bank have released the detailed procedure of how this…
Nakumatt Calls for Formulation of Retail Policy
Nakumatt Holdings Limited has petitioned the government to consider formulating a retail sector development policy in the country. Basing on the the recently released National Economic Survey 2012 results, Nakumatt Holdings Regional Strategy and Operations Director Mr. Thiagarajan Ramamurthy, has implored the government to consider hosting a consultative forum with the…
Forex Trail – 29 May 2012
Below is a comparison of the performance of the Kenya Shilling over the last two trading days: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 25/05/2012 85.3153 133.5134 106.9232 10.184 29.186 18.6368 7.0621 28/05/2012 85.3958 134.1424 107.5728 10.2703 29.0648 18.6193 7.0555 As we can see,…
KQ Rights Announcement Tomorrow
The Kenya Airways Rights Issue has been a hot topic for many. Some were optimistic, many were sceptical and others down right pessimistic. Analysts say that the shares may be oversubscribed. Whether or not that will be, the share has recovered to trade well above the KES 14 rights price.
Stocks Watch – 29 May 2012
Uchumi yesterday closed at KES 15.50 having opened the session at KES 16.50. Today we will watch the stock, among others, to see if it will remain at that value or if there will be more to the stock.
Do’s and Don’ts of Buying Land or Property: Distinguishing between Real and Fake Estate Agents
At most times, estate agents are the-to-go guys when it comes to searching for that ideal piece of land or property. All you have to do is describe what you want and where you’d want it to be, and they’ll hook you up with one. Though there’s one…
Yield and Demand for T-Bills Falls
In last week’s auctions of government securities at the Central Bank of Kenya (CBK) the yields fell on all short term securities on offer; the 91 day and the 182 day Treasury bills. The yield on the 91 day bill stood at 9.865% as compared to the 10.075% seen at…
Businessmen Lose Property of Unknown Value in Blast
Businessmen in Moi Avenue’s Assanand building yesterday lost property of unknown value when a blast brought down the premises in which they operate. The Monday 1315hrs incident left more than 30 people hospitalized with at least four of those in serious condition. The building, which was a host to many…
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